Isgec Heavy Engineering Q1 results, quarter to Jun 2026

NSE: ISGECBSE: 533033ConstructionSmall Cap

Isgec Heavy Engineering Limited · Face value ₹1 · Listed Dec 2008 on BSE, May 2021 on NSE

₹914.40₹27.15 (3.06%)BSE ₹912.45

Share price at the NSE close on 27 Oct 2026. Previous close ₹887.25.

27 Oct: open ₹889.00, high ₹920.65, low ₹883.30

52-week range of traded prices to 27 Oct 2026

₹683.95Low, 27 Jan 2026₹1,113.90High, 21 May 2026

Next results date: the board meets on 4 Nov 2026 to consider: financial results. The notice · Results calendar

Market cap: ₹6,724 Cr690th largest listed
P/E: Earlier quarters restated in the year
P/B: 2.46
Dividend yield: 0.66%
ROCE: 11.4%
Debt to equity: 0.32
Volume, NSE: 29,67349.8% delivered

Isgec Heavy Engineering filed its Q1 results for the quarter to Jun 2026 on 11 Aug 2026 at 3:57 pm, consolidated: the company and its subsidiaries together.

Q1 results, quarter to Jun 2026

₹ crore.Isgec Heavy Engineering annual results and balance sheet

Revenue: ₹1,980 Cr+47.7% on a year ago · −3.3% on the quarter before
Operating profit: ₹124 Cr+2.8% on a year ago · −20.7% on the quarter before
Net profit: ₹18 Cr−70.2% on a year ago · −79.4% on the quarter before
Earnings per share: ₹1.22−82.8% on a year ago · −87.8% on the quarter before
Operating margin: 6.2%
Net margin: 0.9%

From revenue to net profit, ₹ crore

Revenue1,980
Materials and goods−636
Employee costs−179
Other expenses−1,042
Operating profit124
Depreciation−65
Other income+13
Finance costs−19
Profit before tax53
Tax−35
Joint ventures0.0
Net profit18

Isgec Heavy Engineering results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Jun 2026. Results for the quarter to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Sep 2021Filed 12 Nov	Dec 2021Q3Filed 12 Feb	Mar 2022	Jun 2022Q1	Sep 2022Filed 11 Nov	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024Filed 13 Nov	Dec 2024Q3Filed 10 Feb	Mar 2025Q4	Jun 2025Q1	Sep 2025Q2	Dec 2025Q3	Mar 2026Q4	Jun 2026Q1Filed 11 Aug
Revenue from operations	1,376	1,396	1,596	1,247	1,513	1,597	2,043	1,386	1,473	1,493	1,868	1,540	1,644	1,497	1,744	1,341	1,691	1,739	2,048	1,980
	1,330	1,289	1,490	1,175	1,422	1,469	1,878	1,282	1,340	1,369	1,730	1,415	1,505	1,378	1,592	1,221	1,544	1,545	1,892	1,856
Materials and goods bought	883	855	952	703	969	991	1,269	784	873	854	1,219	903	1,001	850	491	379	516	458	602	636
Employee costs	104	115	117	112	112	119	119	122	123	132	130	130	141	142	141	143	168	169	175	179
Other expenses	342	319	420	360	341	360	490	376	343	384	381	381	363	386	960	699	860	917	1,116	1,042
Operating profit before depreciation	46	107	107	72	91	128	164	104	134	123	138	125	139	118	152	120	147	194	156	124
Operating margin	3.4%	7.7%	6.7%	5.8%	6.0%	8.0%	8.0%	7.5%	9.1%	8.3%	7.4%	8.1%	8.5%	7.9%	8.7%	9.0%	8.7%	11.1%	7.6%	6.2%
Depreciation and amortisation	24	26	27	25	26	26	27	25	26	27	28	26	27	51	12	26	27	28	68	65
Other income	3	7	1	4	3	1	6	13	4	5	4	9	24	4	3	18	34	18	63	13
Finance costs	12	11	32	20	18	17	17	19	20	13	11	11	8	20	13	16	19	17	20	19
Profit before one-off items and tax	14	78	48	30	49	85	126	72	91	89	102	97	127	52	130	96	136	167	131	53
One-off items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	−16	0	0
Profit before tax	14	78	48	30	49	85	126	72	91	89	102	97	127	52	130	96	136	150	131	53
	4	26	9	12	21	19	33	20	27	22	30	29	32	29	32	32	38	38	46	35
Current tax	11	19	12	15	16	20	33	22	28	24	29	30	33	32	35	32	37	40	43	36
Deferred tax	−7	7	−2	−3	5	−1	−1	−2	−1	−2	1	−1	−1	−3	−3	0	1	−1	3	0
Tax rate	26.1%	33.2%	19.0%	39.9%	42.0%	22.6%	26.0%	27.3%	29.9%	24.9%	29.6%	30.4%	25.0%	55.7%	24.4%	33.2%	27.9%	25.4%	35.0%	66.9%
Share of profit of joint ventures and associates	0	0	0	0	0	0	0	0	0	0	0	0	0	–	0	–	–	–	0	0
Profit from discontinued businesses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	−20	−5	−42	−28	–	–
	10	52	39	18	28	66	93	53	64	67	72	67	96	23	78	59	56	84	85	18
Belonging to the company's shareholders	11	47	38	18	30	63	86	51	60	62	71	65	93	20	71	52	44	70	73	9
Belonging to outside owners of subsidiaries	0	5	2	0	−1	3	7	2	4	5	1	2	3	3	7	6	12	15	12	9
Other comprehensive income	−2	0	0	0	−1	2	0	−2	4	−2	−2	1	−3	0	−2	−7	−3	6	−10	7
Total comprehensive income	8	52	39	18	28	67	94	51	67	65	70	68	93	23	76	52	53	90	75	24
Net margin	0.7%	3.7%	2.5%	1.4%	1.9%	4.1%	4.6%	3.8%	4.3%	4.5%	3.9%	4.4%	5.8%	1.5%	–	4.4%	–	–	4.1%	0.9%
Net margin without joint ventures and associates	0.7%	3.7%	2.5%	1.4%	1.9%	4.1%	4.6%	3.8%	4.3%	4.5%	3.9%	4.4%	5.8%	–	–	–	–	–	4.1%	0.9%
Earnings per share	₹1.43	₹6.40	₹5.12	₹2.42	₹4.02	₹8.56	₹11.71	₹6.89	₹8.13	₹8.42	₹9.70	₹8.90	₹12.59	₹2.73	₹9.67	₹7.11	₹5.98	₹9.49	₹9.96	₹1.22

Earnings per share in rupees, restated for later splits and bonuses. Net margin is left blank for Mar 2025, Sep 2025 and Dec 2025: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2025, the company reports a discontinued business.

Segment results by quarter

Consolidated, ₹ crore, quarters to Jun 2026.Isgec Heavy Engineering segment results by year

Industrial Projects
Revenue, ₹ crore
878
869
759
983
718
844
933
1,208
1,104
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
39
42
34
46
35
37
45
58
57
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Manufacturing of Machinery & Equipment
Revenue, ₹ crore
559
565
741
543
668
622
667
476
667
720
901
797
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
66
52
73
74
73
76
69
65
99
111
107
90
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Sugar
Revenue, ₹ crore
163
171
247
171
136
183
186
184
169
178
157
129
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
26
9
10
13
10
19
16
15
−5
20
13
2
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Ethanol
Revenue, ₹ crore
65
42
47
60
31
49
67
48
70
34
45
8
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
8
8
6
12
−1
0
8
3
0
−2
−2
−5
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Ethanol Plant at Philippines
Revenue, ₹ crore
0
0
1
1
0
1
32
70
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26
Profit, ₹ crore
−15
3
−10
−26
1
−44
−77
−62
Sep 23Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26

₹ crore	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue of all businesses	1,559	1,579	2,075	1,654	1,704	1,614	1,903	1,425	1,750	1,865	2,342	2,107
Company revenue, as in its results	1,473	1,493	1,868	1,540	1,644	1,497	1,744	1,341	1,691	1,739	2,048	1,980
Revenue	–	–	–	878	869	759	983	718	844	933	1,208	1,104
Revenue growth	–	–	–	–	–	–	–	–	–	–	22.9%	53.8%
Profit	–	–	–	39	42	34	46	35	37	45	58	57
Profit growth	–	–	–	–	–	–	–	–	–	–	26.0%	64.3%
Margin	–	–	–	4.5%	4.8%	4.4%	4.7%	4.8%	4.4%	4.9%	4.8%	5.2%
Assets	–	–	–	3,839	3,600	3,376	3,197	3,126	3,122	3,341	3,324	3,158
Liabilities	–	–	–	2,884	2,782	2,520	2,671	2,386	2,511	2,712	2,844	2,881
Capital employed	–	–	–	955	818	856	526	740	611	629	480	277
Revenue	559	565	741	543	668	622	667	476	667	720	901	797
Revenue growth	−1.8%	1.3%	−11.2%	36.5%	19.6%	10.0%	–	–	–	–	35.0%	67.2%
Profit	66	52	73	74	73	76	69	65	99	111	107	90
Profit growth	35.4%	82.1%	8.1%	87.1%	10.3%	47.0%	–	–	–	–	55.4%	37.8%
Margin	11.9%	9.2%	9.9%	13.6%	10.9%	12.3%	10.4%	13.7%	14.8%	15.4%	11.9%	11.3%
Assets	2,012	2,184	2,237	2,185	2,405	2,516	2,588	2,592	2,888	2,719	2,810	2,783
Liabilities	1,162	1,264	1,194	1,174	1,396	1,534	1,645	1,734	1,906	1,680	1,630	1,535
Capital employed	850	920	1,043	1,011	1,009	982	944	858	982	1,039	1,180	1,249
Revenue	163	171	247	171	136	183	186	184	169	178	157	129
Revenue growth	−21.6%	−47.2%	61.9%	−9.4%	−16.1%	7.1%	–	–	–	–	−15.6%	−29.9%
Profit	26	9	10	13	10	19	16	15	−5	20	13	2
Profit growth	37.6%	−65.9%	−63.6%	−51.4%	−60.4%	111.3%	–	–	–	–	−17.3%	−86.4%
Margin	15.9%	5.4%	4.1%	7.8%	7.5%	10.6%	8.3%	8.1%	−3.1%	11.0%	8.2%	1.6%
Assets	312	370	584	463	350	407	612	483	326	362	441	329
Liabilities	66	167	315	54	35	124	318	204	55	106	149	57
Capital employed	245	203	269	409	315	283	293	279	271	255	292	273
Revenue	65	42	47	60	31	49	67	48	70	34	45	8
Revenue growth	12.6%	−24.3%	−9.1%	11.5%	−52.0%	15.4%	–	–	–	–	−33.6%	−82.4%
Profit	8	8	6	12	−1	0	8	3	0	−2	−2	−5
Profit growth	304.7%	524.2%	740.9%	400.8%	–	–	–	–	–	–	–	–
Margin	12.0%	19.5%	11.8%	20.3%	−2.5%	−0.5%	11.7%	5.2%	−0.4%	−7.1%	−3.8%	−54.5%
Assets	212	218	220	217	185	228	277	247	191	205	201	187
Liabilities	81	74	74	62	54	54	119	90	37	26	37	18
Capital employed	131	144	146	155	131	175	158	156	154	179	163	169
Revenue	0	0	1	1	0	1	–	–	–	–	32	70
Profit	−15	3	−10	−26	1	−44	–	–	–	–	−77	−62
Margin	–	26,900.0%	−1,276.6%	−2,432.7%	11,000.0%	−3,400.0%	–	–	–	–	−242.7%	−89.8%
Assets	929	974	1,018	1,008	1,069	1,021	–	–	–	–	917	915
Liabilities	919	962	1,019	1,053	1,115	1,132	–	–	–	–	108	175
Capital employed	10	12	−1	−44	−47	−110	–	–	–	–	809	741
	–	–	–	–	–	–	0	0	0	0	–	–
Profit	–	–	–	–	–	–	0	0	0	0	–	–
Assets	–	–	–	–	–	–	1,050	1,092	1,076	1,098	–	–
Liabilities	–	–	–	–	–	–	322	42	29	27	–	–
Capital employed	–	–	–	–	–	–	728	1,050	1,047	1,071	–	–
	–	–	–	–	–	–	0	0	0	0	–	–
Profit	–	–	–	–	–	–	−20	−5	−42	0	–	–
Assets	–	–	–	–	–	–	0	0	0	0	–	–
Liabilities	–	–	–	–	–	–	0	0	0	0	–	–
Capital employed	–	–	–	–	–	–	0	0	0	0	–	–
Revenue	773	801	1,039	–	–	–	–	–	–	–	–	–
Revenue growth	−1.9%	−1.7%	−4.5%	–	–	–	–	–	–	–	–	–
Profit	31	29	41	–	–	–	–	–	–	–	–	–
Profit growth	0.4%	−20.1%	−1.5%	–	–	–	–	–	–	–	–	–
Margin	4.0%	3.6%	3.9%	–	–	–	–	–	–	–	–	–
Assets	3,920	4,085	3,895	–	–	–	–	–	–	–	–	–
Liabilities	3,028	3,192	3,007	–	–	–	–	–	–	–	–	–
Capital employed	892	894	887	–	–	–	–	–	–	–	–	–
Revenue	1	4	−3	−1	12	−12	0	0	0	0	0	0
Profit	−4	2	−5	−2	14	−11	11	6	41	28	72	11
Assets	480	430	422	538	629	700	425	389	436	532	611	779
Liabilities	122	52	147	338	109	115	225	572	589	703	647	580

Profit is before tax and finance costs, the way companies report their segments.

Q1 results, quarter to Jun 2026

From revenue to net profit, ₹ crore

Isgec Heavy Engineering results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Industrial Projects

Manufacturing of Machinery & Equipment

Sugar

Ethanol

Ethanol Plant at Philippines